Pubmatic Inc Cl A Up 22.51% To $14.83 After Earnings Beat

Thursday, November 9, 2023 - Pubmatic Inc Cl A (PUBM) reported upside earnings and revenues today.

Wall Street earnings per share (EPS) projections for Pubmatic Inc Cl A were at a loss of $0.05 per share. The company beat those estimates with an EPS of $0.14. The earnings per share of $0.14 (which represents a -380% EPS surprise) led to the company's profits falling 36% compared to last year when the firm reported an EPS of $0.22. The decline in Pubmatic Inc Cl A's annual growth rate represents how the business isn't performing well amid current economic conditions.

Analyst projections for Pubmatic Inc Cl A revenue came in at a consensus of $59.5 million. Third-Quarter revenues surpassed estimates for $63.7 million by $4.2 million (7%). The company achieved negative 1% growth year-over-year compared to the firm's revenue of $64.5 million from the year-ago quarter. The lower earnings growth relative to revenue signals Pubmatic Inc Cl A has not been able to improve its profit margin.

The stock is up 22.51% to $14.83 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Pubmatic Inc Cl A has performed a little below average during the past few months. Before the report, Pubmatic Inc Cl A received a Long-Term Technical Rank by InvestorsObserver of 36, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $10.92 on November 1, 2023 and set a 52-week high on August 1, 2023 at $20.08.

PubMatic Inc is engaged in the digital advertising business. The company provides a specialized cloud infrastructure platform that enables real-time programmatic advertising transactions. The platform helps independent app developers and publishers to control and maximize their digital advertising businesses.